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Grasmere Avenue, Harpenden

East of England

£1,725,000
Listed on 08/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1623 sqft

Description

This detached family residence, spanning over 1620 sq ft, presents a remarkable opportunity for enhancement and expansion (subject to planning permission). With its attached garage and generous parking area, the property also boasts a substantial private garden measuring over 120 ft. Located on the highly desirable Grasmere Avenue, this home is conveniently positioned near the town centre and the train station, making it an ideal choice for families seeking access to quality schools and amenities. The layout offers a welcoming entrance hall leading into a spacious kitchen/breakfast room (7.89m x 4.68m), an intimate dining room (3.69m x 3.13m), and a sizable living room (6.93m x 4.55m) perfect for gatherings. The upper floor comprises four bedrooms, including a master suite with en-suite bath and shower facilities, complemented by two additional bathrooms. This property is ripe for renovation to tailor it to modern tastes while maximising its existing potential.

Investment Analysis

(AL5 area)

Above Market Value

This property is priced +63.3% above area average per sq ft

+63.3%
This Property
£1,063/sq ft
Area Average
£651/sq ft
Avg Rent (weekly)
£436
Avg Yield
2.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,162,141
10% above area average per sq ft
Potential ROI
-36.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (AL5)

Area prices are falling by +3.5% over the last 12 months
3 year growth: -3.8%
5 year growth: 5.1%
Investment Disclaimer: Analysis based on AL5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Grasmere Avenue, Harpenden
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£6,319
Based on a loan of £1,293,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE